Time to Sell iSHARES CORE HI QUALITY CDN BOND ETF After Today’s Gap Down?

 Time to Sell iSHARES CORE HI QUALITY CDN BOND ETF After Today's Gap Down?

The stock of iSHARES CORE HI QUALITY CDN BOND ETF (TSE:XQB) gapped down by $0.07 today and has $18.75 target or 10.00% below today’s $20.83 share price. The 8 months technical chart setup indicates high risk for the $388.74M company. The gap down was reported on Nov, 14 by Barchart.com. If the $18.75 price target is reached, the company will be worth $38.87M less.
Gaps down are helpful for identifying a resistance level and to could also be used as a tradeable event. If traders are short the stock and it experiece gap down, then its usually advisable to hold the short for a bigger down move. Back-tests of such patterns show that two-thirds of the these patterns the stock performance worsens after the gap. The area gaps close 91% of the time, the breakaway gaps 1%, the continuation gaps 9% and the exhaustion gaps 64%. About 193,856 shares traded hands or 880.66% up from the average. iSHARES CORE HI QUALITY CDN BOND ETF (TSE:XQB) has declined 0.76% since April 8, 2016 and is downtrending. It has underperformed by 5.74% the S&P500.

More notable recent iSHARES CORE HI QUALITY CDN BOND ETF (TSE:XQB) news were published by: Marketwired.com which released: “iShares Adds Low-Cost Access to Short Duration, High Quality Bonds to the Core …” on July 21, 2014, also Business.Financialpost.com with their article: “A portfolio for paupers: Investing when you’re short on time and money” published on August 08, 2014, Marketwired.com published: “BlackRock(R) Canada Announces September Cash Distributions for the iShares(R) ETFs” on September 07, 2016. More interesting news about iSHARES CORE HI QUALITY CDN BOND ETF (TSE:XQB) were released by: Marketwired.com and their article: “BlackRock® Canada Announces August Cash Distributions for the iShares® ETFs” published on August 15, 2016 as well as Marketwired.com‘s news article titled: “BlackRock® Canada Announces June Cash Distributions for the iShares® ETFs” with publication date: June 08, 2016.

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